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Business Standard
20-05-2025
- Business
- Business Standard
DLF records highest-ever sales in FY25 on super luxury housing boom
Realty major DLF on Tuesday announced that it had recorded its highest-ever sales bookings at Rs 21,223 crore for the financial year 2024–25 (FY25), marking a 44 per cent rise from Rs 14,778 crore in FY24. The Gurugram-based developer attributed the robust performance to strong demand for its latest super luxury offerings — The Dahlias and Privana West. According to a regulatory filing, The Dahlias generated Rs 13,744 crore in new sales bookings during the fiscal. 'This resulted in monetisation of around 39 per cent of the total estimated sales potential of this project within the first year of its launch,' the company said. The next phase of DLF Privana West also witnessed a complete sell-out within days of its soft launch in May 2025, clocking approximately Rs 5,600 crore in new bookings. DLF had earlier indicated plans to launch 29 million square feet (msf) of residential projects with an estimated sales potential of Rs 73,900 crore over the medium term. Of this, 26 msf is earmarked for luxury projects, while another 1 msf will be allocated to super luxury housing. Regarding new launches in FY26, Aakash Ohri, joint managing director and chief business officer at DLF Homes, said the upcoming phase of Privana is expected in the June quarter, while the Mumbai project may launch in the second half of the financial year. 'There is sizable demand for both products from the rest of the country as well as from non-resident Indians (NRIs),' he added. Sriram Khattar, vice-chairman and managing director of DLF's rental business, noted that vacancy levels across the company's operational retail and office rental portfolio had dropped to 6 per cent. He added that occupancy certificates (OCs) for Atrium Place — DLF's joint venture office project with Hines — are expected in two phases. 'We expect the OC for the first phase, which is 2.1 msf, to come by July this year. For the remaining 1 msf, the OC is expected by Q4 FY26 or Q1 FY27. We have already leased about 95 per cent of the 3.1 msf space,' he said. The company also reported that construction in Downtown Gurgaon — a mixed-use commercial development — as well as two towers in Taramani Downtown is progressing well. In a filing to the stock exchanges on Monday, DLF, India's largest listed real estate developer by market capitalisation, reported a 46 per cent rise in revenue from operations to Rs 3,127.58 crore in Q4FY25, compared to Rs 2,134.84 crore in the same quarter last year. Net profit rose by 39 per cent year-on-year to Rs 1,282.2 crore, while total income increased by 44 per cent to Rs 3,347.77 crore.
India Gazette
20-05-2025
- Business
- India Gazette
DLF records highest ever sales booking in 2024-25 over premium housing boom
New Delhi [India], May 20 (ANI): Real estate major DLF on Tuesday announced it has recorded the highest ever sales booking in the just-concluded financial year 2024-25. It recorded booking worth Rs 21,223 crore in 2024-25, with Rs 2,035 crore in the January-March 2025 quarter. According to a statement from DLF, the consolidated sales booking in 2024-25 increased by 44 per cent year-on-year compared to that of Rs 14,778 crore in 2023-24. This massive boost, according to DLF, was primarily fueled by sales booking of DLF's latest super luxury offering, The Dahlias and their exceptional sell-out response of DLF Privana West in May 2024. DLF said it had also surpassed its annual guidance of Rs 17,000 crore. 'Our latest super-luxury offering - The Dahlias, received encouraging demand and generated Rs 13,744 crore in new sales bookings during the fiscal. The humbling response to our latest offering underscores our brand's strength and our commitment to customer centricity,' DLF said. 'This has resulted in the monetisation of approximately 39 per cent of the estimated total sales potential of this project within the first year of its launch. We also launched the next phase of our luxury project - DLF Privana West, which garnered strong interest and witnessed complete sell-out within a few days of the soft launch, clocking approximately Rs 5,600 crore of new sales bookings,' DLF added. On an analyst call today, Aakash Ohri, Joint Managing Director and Chief Business Officer of DLF Homes, said, '...there is a sizeable demand for both the products, both here in Privana and in Mumbai, both from the micro-geographies, rest of the countries, as well as the NRIs. ' He further highlighted that, 'Presently, the two Privanas that were sold last year are trading at a premium of Rs 2,500 to Rs 4,000 psf at present.' On housing demand in 2024-25, Ohri said, 'Housing demand for good houses in continuously there and Gurgaon today has become a very solid investment option too' He owed the growing demand in Gurugram to the cyber city, along with the major workforce.' On the timeline of the upcoming launch, Ohri said the launch of upcoming phase of Privana is expected in the first quarter of 2025-26 and the Mumbai project in the second half of this financial year. (ANI)
Time of India
20-05-2025
- Business
- Time of India
DLF sets Rs 20,000–22,000 cr sales target for FY26, eyes launches in Mumbai, Goa & Gurgaon
Country's largest real estate developer DLF has given Rs 20,000-22,000 crore sales guidance for FY26 as it is expected to launch 29 million sq ft in the medium term, which has a sales potential of Rs 73,900 crore. During the FY25 investors call on Tuesday, company's executive said that it will launch projects in Mumbai, Goa and Gurgaon in the current financial year. 'Be it sales, collections, cash flow, net debt, profitability or rentals, it's been extremely strong performance across the board. There is one more metric that we care is return on equity and we have crossed over to the double digit mark and hopefully we will keep on improving year to year in this space,' DLF managing director Ashok Kumar Tyagi said during the analyst call. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo DLF has reported new sales bookings of Rs 21,223 crore against the guidance of Rs 17,000-18,000 crore in FY25. 'Housing demand for quality products is continuously there, Gurgaon today has become a very solid investment option too. There is housing demand for sale as well as rentals and therefore, a lot of people are investing in the DLF real estate as an asset class, which they prefer. In addition, NRIs or buyers from the rest of India have also started to invest in Gurgaon in a reasonably big way,' said said Aakash Ohri, joint managing director and chief business officer at DLF Homes. Live Events DLF reported net profit of Rs 1,268 crore, reflecting Y-o-Y growth of 37%. For the full year, DLF's consolidated revenue stood at Rs 8,996 crore while net profit stood at Rs 4,357 crore, reflecting Y-o-Y growth of 59%. Company's Mumbai entry, which got delayed, is expected to happen this year. 'While Mumbai as a geography interests, but having said that, we don't have any doubts that our center of gravity will remain NCR. NCR today is one of the deepest and one of the widest markets that exist in the country,' Tyagi said. DLF had planned 37 million sq ft of launched with the sales potential of Rs 1,14,500 crore from FY25 onwards. It has already launched 35% in FY25 and about 15% is planned to be launched in FY26. 'While our sales are running at Rs 20,000 crore level, we internally chase two metrics which is the free cash flow that we are generating and embedded margins that we are generating. We clearly want to be in a situation where our embedded margin on annual basis contribute in the 5 figure range,' said Tyagi. For FY25 consolidated revenue of DLF Cyber City Developers Limited, company's rental arm stood at Rs 6,448 crore while EBITDA stood at Rs 4,949 crore, reflecting a y-o-y growth of 11%; consolidated profit for the year stood at Rs 2,461 crore, a y-o-y growth of 46%.
